Commodities & Energy

This Opinion was originally published on dev-front.org, by Hafez Ghanem, Senior Fellow at the Policy Center for the New South.Joe Studwell has spent most of his career working on Asia and brings an interesting fresh perspective on the economics of Africa. This makes the book worth reading even if one disagrees with some conclusions.   The book’s main argument is that Africa should follow the Asian model of first focusing on smallholder agriculture, then labor intensive manufact ...

In 2017, eight scientists from the Google research team published in the journal Advances in Neural Info Processing Systems the remarkable article “Attention is all you need,” which introduced a Transformer neural network architecture. The paper has been cited over 173,000 times and ranks among the top 100 most cited papers of the 21st century. It builds on the attention principle introduced in 2014 by Bahdanau, Cho and Turing Award winner Bengio, who proposed neural machine transla ...

The energy shock caused by the war between the United States and Israel and Iran has highlighted the need for Africa to refine more of its own crude oil. Africa is a net hydrocarbon exporter, but remains stuck in the old colonial economic model: it mostly exports raw materials and imports refined products. Africa exports about 2.6 billion barrels of crude oil every year, and imports about 1.4 billion barrels of refined products. This is a problem for two reasons. First, Africa ...

Driven by its mission to reflect on and analyze the major geopolitical, economic, and societal transformations shaping the contemporary world, and with a view to contributing to knowledge-sharing and disseminating the main outcomes of its research program, the Policy Center for the New South regularly publishes collective volumes addressing issues of particular importance to Morocco, Africa, and the broader Global/New South. In this spirit, the Center has recently released two volum ...

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Decarbonization is reconfiguring global relative prices. As clean energy, natural capital, and location-specific assets become dominant industrial inputs, the relative cost of producing low-carbon goods is increasingly determined by geography. Two systematic distortions explain why the expected reallocation of investment toward renewable-rich economies remains incomplete. First, industrial policy interventions, including subsidies, trade barriers, and certification systems, disconne ...

Gaspillage de l’eau et son mésusage : deux facteurs du stress hydriqueCe Policy Brief est consacré aux phénomènes de gaspillage et de mésusage de l’eau: deux impératifs de la lutte contre le stress hydrique, rappelés, avec insistance, par   Sa Majesté le Roi Mohammed VI dans son discours du 29 juillet 2024, à l’occasion de la célébration du 25ème anniversaire de son accession au Trône. La première partie de l’étude aborde la problématique générale du gaspillage e ...

Climate policy is increasingly reshaping the conditions under which firms participate in international markets. As some jurisdictions introduce carbon border adjustments, lifecycle emissions standards, and supply-chain traceability requirements, market access is starting to be made conditional on verifiable characteristics of production processes, such as carbon intensity, embedded emissions, and input sourcing, rather than solely on product characteristics or prices. This paper exa ...

We are now in the fifth week since the U.S. airstrike that killed top leaders of the Iranian regime, initiating a war involving the United States and Israel against the country. More than a month of mutual bombardments between Iran and Israel has ensued, extending to other Persian Gulf nations, U.S. military installations—and even Cyprus. From a global perspective, the impact has stemmed primarily from disruptions to regional production of goods and the blockade of the Strait of Hor ...

On the global commodities markets, 2025 largely followed the trajectory set in 2024, with a record rise in precious metals prices against a backdrop of ever-increasing uncertainty, and base metals whose performance was once again largely determined by mining supply levels. On the softs side, cocoa and coffee retreated from past record prices, while the cereals market experienced relative price stability between 2024 and 2025, against a backdrop of abundant harvests worldwide. Oil an ...

Sur les marchés mondiaux de matières premières, l’année 2025 s’est inscrite dans le sillage de 2024 : une hausse record des cours des métaux précieux dans le contexte d’incertitudes, toujours plus marquées, et des métaux de base dont la performance a, une fois encore, été largement déterminée par les niveaux de l’offre minière. Du côté des ‘’ softs’’, cacao et café se sont repliés après les records de prix passés, tandis que le marché des céréales a connu une relative stab ...

This Opinion was originally published on ispionline.it Morocco’s food strategy, once centered on self-sufficiency, now faces climate stress, water scarcity, and global volatility, demanding a resilient and sustainable food system fit for new realities. ...

After more than seven years of drought, Morocco experienced exceptionally abundant rainfall during the winter of 2025-2026, reflecting increasingly marked water variability. This rapid alternation between chronic deficits and occasional excesses reveals the country's water paradox: a system historically centered on scarcity must now manage concentrated and intense extreme episodes.Hydraulic infrastructures helped limit human and economic impacts and ensured significant replenishment ...

Après plus de sept années de sécheresse, le Maroc a connu durant l’hiver 2025–2026 des précipitations exceptionnellement abondantes, témoignant d’une variabilité hydrique de plus en plus marquée. Cette alternance rapide entre déficit chronique et excès ponctuels révèle le paradoxe hydrique national : un système historiquement centré sur la rareté doit désormais gérer des épisodes extrêmes concentrés et intenses.Les infrastructures hydrauliques ont limité les impacts humains et écono ...

L’arrestation du président vénézuélien Nicolàs Maduro a suscité la sidération internationale en interrogeant sur le respect du droit international ; puis, fort logiquement, cette opération a conduit à maintes analyses tant sur les arguments politiques, sécuritaires et géostratégiques avancés par Washington que sur les ambitions sous-jacentes ayant présidé à cette décision sans réel précédent dans l’histoire récente. Outre la lutte contre le narcotrafic, c’est bien évidemment la ...

The arrest of Venezuelan President Nicolàs Maduro caused international astonishment, raising questions about respect for international law. And, quite logically, the operation led to numerous analyses, both of the political, security and geostrategic arguments put forward by Washington, and of the underlying ambitions behind this decision, which has no real precedent in recent history. In addition to the fight against narco-trafficking, it was of course the oil issue that came first ...

From the use of tariffs as a foreign policy instrument, to the weaponization of critical resources, and from targeted sanctions to attacks on critical infrastructure, economic security is at the forefront of international debates. The aggressive use of economic instruments for strategic purposes has become an explicit feature of international affairs, in a way not seen since the interwar period[1]. Beyond the weaponization of resources of all kinds, an increasing ‘monetization’ is u ...

L’impératif de sécurisation des approvisionnements en ressources minérales stratégiques est au cœur des politiques publiques de réindustrialisation nord-américaine et européenne. L’essentiel des efforts porte toutefois sur les métaux de l’électromobilité (lithium, cuivre, nickel, cobalt, manganèse, graphite) ou sur ceux indispensables à certaines hautes technologies (gallium, germanium, antimoine, etc.) et ayant fait l’objet de restrictions aux exportations de la Chine qui en est, s ...

Introduction: COP30 as a Test of Reality, Not AmbitionCOP30 in Belém was never going to be a breakthrough. In a world marked by fiscal exhaustion, geopolitical rivalry, and eroding trust in multilateralism, expecting transformational climate cooperation bordered on denial. The choice of the Amazon as host carried symbolic weight, but symbolism does not override power, interests, or institutional capacity.The outcome of COP30 confirms a deeper truth: the global climate regime has ent ...

In response to developing countries’ dissatisfaction with the New Collective Quantified Goal (NCQG) of $300 billion, which was decided at the Twenty-Ninth Conference Of the Parties (COP29) to the United Nations Framework Convention on Climate Change, in 2024 in Baku, Azerbaijan, the COP29 and COP30 presidencies promised to develop a roadmap to achieve $1.3 trillion in external climate finance that developing countries need, and to present it at COP30 in Belém, Brazil[1]. The two pre ...

This policy brief examines what the 2025–2026 period reveals about the future of global energy risk and the energy transition. After the shocks of 2021–2023, 2025 brought broad price easing: oil and coal prices declined as supply growth outpaced demand, and the World Bank projects further declines in the global energy price index in 2026, offering short-term relief for energy-importing economies. The brief argues, however, that the macroeconomic relevance of energy entering 202 ...

This policy brief was originally published on : euromesco.net This paper examines the nexus between governance structures, digital transformation, sustainability, and port service efficiency through an international comparative lens, with a specific focus on the Tanger Med–Algeciras corridor in the strait of Gibraltar. Using global best practices—from Singapore to Busan and Kaohsiung—it explores how public-private coordination, digital innovation, and green transition policies ...

Ce Policy Paper analyse les enjeux politiques, économiques et opérationnels du Fonds pour les pertes et dommages, créé pour répondre aux impacts climatiques irréversibles subis par les pays les plus vulnérables. Il clarifie d’abord la notion de pertes et dommages, qui mêle effets économiques et non économiques, et souligne les défis d’attribution liés à la superposition entre chocs climatiques et fragilités structurelles. L’analyse met ensuite en lumière les tensions d’économie poli ...

The U.S. military buildup in the Caribbean—the most significant since the Cuban Missile Crisis—comes at a moment when a new world order is taking shape, its contours still unclear, and in which the U.S. seeks to be more assertive in the Western Hemisphere. This disposition toward South America and the Caribbean was underscored by the recent publication of the new U.S. National Security Strategy, in which the Monroe Doctrine is explicitly invoked. This Policy Brief situates the devel ...

Dix ans après l’Accord de Paris, la trajectoire mondiale semble s’orienter vers un réchauffement de +2,8°C d’ici la fin du siècle, si les politiques actuelles ne sont pas renforcées en termes d’engagements climatiques. Pourtant, la prise de conscience collective face aux enjeux climatiques est globalement affirmée, appelant à la nécessité de transformer nos modes de consommation, de production et de mobilité vers des solutions à plus faible empreinte carbone. ...

Africa today has only one real climate priority: adaptation. Africa should still push the rich countries of the Global North to cut emissions. But Africa should not have any illusions. Past mitigation efforts have had some positive effects but have not been sufficient to stay on track with the targets of the Paris Agreement. There is no reason to believe that future efforts will fare any better. Political developments in the United States and Europe do not augur well for global miti ...

This Opinion was originaly published on kalam.chathamhouse.org Morocco’s environmental governance rests on a comprehensive constitutional and legal architecture that establishes the right to a healthy environment as a fundamental right. The 2011 Constitution obliges the state to ensure equal access to water, a healthy environment, and sustainable development while also requiring the protection of natural resources and future generations, and guaranteeing equal environmental rig ...

Le secteur minier traverse une période critique où convergent transition énergétique mondiale, recompositions des chaînes d'approvisionnement et ambitions nationales d'industrialisation. Le Maroc, pays doté d'un patrimoine minier diversifié incluant phosphate, cobalt, cuivre et autres minerais critiques, dispose d'un réel potentiel pour s'imposer comme acteur incontournable de la transition énergétique.Toutefois, l'absence de stratégie nationale dédiée, le manque de coordination int ...

Record after record, gold seems unstoppable: on October 8, 2025, the ounce surpassed a new high on the London market, exceeding the $4,000 mark and reaching around $4,170 at the afternoon fixing two weeks later. While such surges are not unusual in the commodities world, the scale of this increase is striking. The rise has indeed been remarkable: the $2,000-per-ounce threshold was first crossed in August 2020, and the $3,000 mark, once considered unreachable, was surpassed in March ...

Record après record, l’or ne semble pas vouloir arrêter sa marche en avant : le 8 octobre 2025, l’once a franchi un nouveau sommet sur le marché londonien, dépassant ainsi le seuil de 4 000 $ et s’affichant, deux semaines plus tard, à quelque 4 170 $ au fixing de l’après-midi. Si le monde des matières premières est coutumier de ces élans, l’ampleur de cette hausse ne peut manquer de surprendre. L’envolée est en effet considérable : le seuil de 2 000 $ l’once ...

The publication of the latest (74th) edition of the Statistical Review of World Energy (SRWE, 2025) is a good opportunity to take stock of some major trends in the world of energy. In this note, we focus on the African continent. All figures below are taken from this document and refer to the year 2024, unless otherwise indicated.SRWE figures relate to commercially-traded energies, which include fossil fuels, hydroelectricity, nuclear power and modern renewable energies other than h ...

Artificial intelligence (AI) is rapidly emerging as both an energy optimizer and a structural source of energy demand. While AI promises efficiency gains in forecasting, grid management, and emissions reduction, its expansion is already reshaping electricity systems: data center consumption could more than double by 2030. Beyond this techno-economic duality lies a deeper challenge: the sovereignty of digital and energy systems. AI rests on highly concentrated supply chains of chips, ...

La parution de la dernière édition (la 74ème) de la Statistical Review of World Energy (SRWE, 2025) est une bonne occasion de faire le point sur certaines grandes tendances du monde de l’énergie. Dans cette note, nous nous centrerons sur le continent africain. Tous les chiffres ci-dessous sont extraits de ce document et portent sur l’année 2024, sauf indication contraire. Les chiffres de la SRWE portent sur les énergies qui font l’objet d’échanges commerciaux, ce qui inclut les éner ...

The author of this opinion, Salem Afeworki, is a 2016 alumna of the Atlantic Dialogues Emerging Leaders Program.Creating sustainable, carbon-free cities requires more than technical and technological solutions—it demands a fundamental shift in leadership and decision-making. After sixteen years leading sustainability initiatives across four continents, I've discovered that intergenerational leadership is both morally right and strategically essential for effective and last ...

China's ascent to the position of the world's most prominent energy consumer has altered global energy markets and fundamentally reshaped the geopolitics of energy security. As China navigates the complexities of sustaining its economic momentum, ensuring access to reliable, affordable, and diversified energy sources has become an existential imperative, intricately woven into its foreign policy strategy. In parallel, Africa's immense wealth of both conventional and renewable resour ...

During my mid-2025 visit to Morocco my second trip to the country that year I experienced a distinct and powerful shift in momentum. The Global Growth Congress, where I had the honour of speaking on “Africa’s Energy Future: From Potential to Power,” transcended the usual conference format; it felt like a turning point. The event reflected a growing acknowledgment that Africa’s role in the global energy landscape is no longer peripheral but central. The stakes have been raised, the c ...

I have been traveling to Morocco regularly—at least twice a year—for many years. But this time, the atmosphere in Rabat felt markedly different. I had the honor of addressing the Global Growth Congress, where I spoke on a topic that is rapidly becoming one of the most consequential issues of our time: Africa’s Energy Future: From Potential to Power.We were not merely discussing electrons and megawatts. We were dissecting sovereignty, resilience, global competition, and the future of ...

The author of this opinion, Eduarda Zoghbi, is a 2024 alumna of the Atlantic Dialogues Emerging Leaders Program.It is no longer news that critical minerals are becoming increasingly important for global supply chains, and are essential to the energy transition. Countries are racing to secure mining rights in the Global South, and to expand refining capacity within their borders, but few have been paying attention to a new frontier for mineral extraction—the deep sea. The issue ...

Dans un contexte devenu plus incertain et plus compliqué à la suite des décisions de la nouvelle administration américaine, les impératifs de la lutte contre le changement climatique et de la transition énergétique et écologique demeurent.Les banques centrales peuvent et doivent apporter leur contribution à cette transition, en « verdissant », dans une proportion à définir, la politique monétaire qu’elles mènent. Concrètement, cela veut dire compléter la palette des object ...

This Paper was originally published on atlanticcouncil.org Following a decade-long partnership, the Policy Center for the New South and the Atlantic Council have joined forces around a new program focused on the power of the Atlantic. This series of publications and webinars will focus both on opportunities and challenges around the basin.This brief, the inaugural of the series, by William Yancey Brown highlights the vast energy and mineral potential of the Atlantic O ...

Longtemps considéré comme le géant pétrolier du continent, le Nigeria entame un nouveau chapitre énergétique marqué par une transition stratégique vers le gaz. Avec des réserves prouvées dépassant les 210 000 milliards de pieds cubes, le pays est en passe de devenir le principal producteur et exportateur de gaz en Afrique. L’initiative présidentielle Décennie du Gaz, lancée en 2021 par le président Muhammadu Buhari, constitue le cadre officiel de cette transformation. Elle vise à di ...

Nigeria, long regarded as Africa’s oil powerhouse, is entering a new energy chapter, driven by the country’s strategic shift towards becoming the leading gas economy in the continent. With proven reserves exceeding 210 trillion cubic feet, Nigeria is set to emerge as Africa’s foremost gas producer and exporter. The government’s Decade of Gas Initiative, launched in 2021 by President Muhammadu Bihari, constitutes the official framework for this transition, which aims to diversify the ...

Cette étude est consacrée à la désalinisation de l’eau de mer, aux barrages et aux autoroutes de l’eau au Maroc, solutions innovantes privilégiées par Sa Majesté le roi Mohammed VI, notamment dans son discours du 29 juillet 2024 marquant le 25ème anniversaire de son accession au Trône. Discours dans lequel le Souverain rappelait que l’un des défis majeurs auquel le Royaume était confronté était celui d’un stress hydrique structurel et récurrent.L’analyse de 26 Stations de ...

On April 17, 2025, British oil and gas giant BP announced the export of the first cargo of liquefied natural gas (LNG) from offshore resources shared by Senegal and Mauritania. For the first time in their history, both countries have become LNG exporters. This milestone follows a series of pivotal developments in the region’s hydrocarbon sector. In late December 2024, offshore gas production began. By February 2025, LNG production had commenced. Earlier still, in June 2024, Senegal ...

Le 17 avril 2025, le géant britannique BP a annoncé qu’une première cargaison de gaz naturel liquéfié (GNL) avait été exportée à partir de ressources gazières exploitées au large du Sénégal et de la Mauritanie. Ces deux pays sont devenus, pour la première fois dans leur histoire, des exportateurs de GNL. Précédemment, il y avait eu trois autres dates particulièrement marquantes dans la valorisation des hydrocarbures dans cette zone. Fin décembre 2024, la production de gaz naturel of ...

This Opinion was originally published in Project Syndicate As the US-China rivalry intensifies, both powers are courting mineral-rich African countries in an effort to secure critical raw materials. Translating Africa's vast natural-resource wealth into lasting development requires an infrastructure-led strategy that delivers long-term value for local communities. ...

The author of this opinion, David Michael Terungwa, is a 2017 alumnus of the Atlantic Dialogues Emerging Leaders Program. As the world commemorates Earth Day 2025 under the theme "Planet vs. Plastics," it is a timely moment to turn our attention to one of the planet’s most overlooked heroes: the soil. Often hidden beneath our feet and largely absent from climate conversations, soil plays a vital role in sustaining life, supporting biodiversity, and buffering the impacts o ...

The second Trump administration’s reversal of federal climate policy is reshaping the U.S. energy and industrial landscape, with significant implications for macroeconomic performance, clean technology competitiveness, and global climate cooperation. While the deregulatory shift and emphasis on fossil-fuel production may generate short-term output gains in selected sectors, the long-term structural transformation necessary for sustained growth in an increasingly low-carbon global ec ...

This paper (see pages: 165-198), included in the book 'Green intersections: the global embedding of climate change in policy' was originally published on bruegel.org   The demand for energy in Africa is growing rapidly, driven by population growth, urbanisation and industrialisation. Nevertheless, over 600 million Africans still lack access to electricity, which represents a significant energy gap for the continent. At the same time, Africa is endowed with vast renewable ...

MENA faces a severe water crisis, with 12 of the world’s 17 most water-stressed countries. Climate change, population growth, inefficient water management, and weak governance drive this challenge. Water production, treatment, and distribution require high energy inputs, while energy generation depends on water for cooling and refining. The region must integrate renewable energy, especially solar power, into water solutions like desalination. Inaction could shrink GDP by up to 14% ...

Lithium prices have plummeted over the past two years, while demand is set to rise sharply to fuel the planned boom in electric vehicles and "clean tech". Is this a paradox, or is it typical of global commodity markets where instability is the rule and geostrategy plays a key role? An analysis of the mechanisms at work in the market for this strategic resource is needed to understand the shape this market may take over the next few years. ...

Le lithium a vu ses prix s’effondrer au cours des deux dernières années, alors que sa demande devrait fortement croître pour alimenter l’essor programmé des véhicules électriques et des ‘’ clean techs ‘’. Paradoxe ou situation caractéristique des marchés mondiaux de matières où l’instabilité fait loi et où la géostratégie joue pleinement son rôle ? Une analyse des mécanismes à l’œuvre sur le marché de cette ressource stratégique est nécessaire, afin de comprendre la p ...

Geopolitical tensions and competing interests define the Eastern Mediterranean's energy landscape. Vast natural gas reserves offer economic potential, but overlapping maritime claims and ongoing conflicts—particularly the Israel-Lebanon war and the Gaza conflict—threaten existing agreements and future projects. The European Union’s efforts to reduce dependence on Russian gas initially positioned the region as a key supplier, but escalating instability now puts these ambitions at ris ...

Fidèles à leur histoire jalonnée de crises et d’envolées spectaculaires, les marchés mondiaux de matières premières ont connu des développements contrastés en 2024. L’or, le cuivre, le café ou le cacao ont ainsi atteint des sommets historiques, tandis que le pétrole, le nickel ou le blé ont, parmi tant d’autres produits de base, accusé des baisses d’ampleur variée. Entre une scène géopolitique sous tension en raison de l’aggravation du conflit au Moyen-Orient et de la persistance de ...

La Chine domine de la tête et des épaules la production mondiale d’aluminium primaire et d’acier brut. Mais ce qui est assurément une force sur les marchés mondiaux des métaux laisse toutefois transparaître un certain nombre de risques, voire de faiblesses, auxquels groupes nationaux et autorités publiques doivent faire face. Derrière ce gigantisme représentatif de la puissance industrielle de la 2ème économie mondiale se cachent en effet une forte exposition à la variabilité de la ...

While the very reality of the energy transition is sometimes questioned, even challenged (Fressoz, 2023), the carryover effect it creates on mineral resources, highlighted by numerous forward-looking studies, appears indisputable. More copper, lithium, nickel, graphite or rare earths: these are the non-exhaustive conditions that will enable us to support the development of electromobility and renewable energies, and thus contribute to limiting global warming, in line with the commit ...

The global energy landscape in 2024 reflects a complex interplay of geopolitical tensions, economic pressures, and uneven progress in clean energy transitions. Despite record growth in renewable energy deployment and advancements in low-carbon technologies, the world continues to fall short of meeting its climate goals. Fragmented markets, entrenched fossil fuel dependencies, and supply chain vulnerabilities continue to challenge energy security and hinder global decarbonization eff ...

Este artículo se publicó originalmente en legrandcontinent.eu   Varios países africanos están ascendiendo silenciosamente en la cadena de valor de los vehículos eléctricos. Campo de batalla de la rivalidad sino-estadounidense por los materiales críticos, África podría encontrar una oportunidad en la nueva fragmentación mundial de las cadenas de suministro. Estudio de caso de la República Democrática del Congo. Las sucesivas perturbaciones de las cadenas de suministro ...

Ce papier a été initialement publié sur legrandcontinent.eu   À bas bruit, plusieurs pays africains sont en train de monter dans la chaîne de valeur des véhicules électriques. Terrain de bataille de la rivalité sino-américaine sur les matières critiques, l’Afrique pourrait trouver dans la nouvelle fragmentation mondiale des chaînes d’approvisionnement une opportunité. Étude de cas depuis la République démocratique du Congo. Les perturbations successives des chaînes d’ ...

Le bassin Atlantique est une zone très importante pour l’industrie internationale des hydrocarbures (pétrole et gaz naturel). Elle l’est en termes de réserves, de production et d’exportation de pétrole et de gaz. De plus, son potentiel est loin d’être complètement exploité, ce qui signifie qu’elle continuera à jouer un rôle majeur dans ce secteur pendant de longues années. La partie américaine du bassin Atlantique pose d’ailleurs un sérieux problème aux pays de l’OPEP+, une coalitio ...

The Middle East and North Africa (MENA) region is at a critical juncture, facing an intricate polycrisis defined by interlinked challenges including energy insecurity, water scarcity, migration, conflict, and socio-political fragmentation. These crises are not isolated; their interconnectedness amplifies their impact, creating a destabilizing feedback loop that hinders sustainable development and peacebuilding efforts. This paper explores the concept of polycrisis through the lens o ...

In September 2024, scientists at the European Union’s Copernicus Climate Change Service  reported that summer 2024 was the hottest on record globally, and the previous twelve months posted a average global temperature that was a record 1.64 degrees Celsius (2.95 degrees Fahrenheit) above the average during the pre-industrial period, 1850-1900. This was triggered by a combination of a warmer El Niño cycle and the effects of human-caused warming. While it will take more years of ...

Le 5 novembre 2024, Donald Trump a gagné son duel face à Kamala Harris. Le 45ème président des États-Unis sera aussi le 47ème et il prendra ses fonctions à la Maison Blanche le 20 janvier 2025. Les politiques de la future Administration Trump seront évidemment très différentes de celles qu’aurait pu conduire une Administration Harris et de celles de l’Administration Biden depuis janvier 2021 et c’est aussi le cas pour les questions énergétiques. Mais une chose est sûre : que la ...

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Si la réalité même de la transition énergétique est parfois questionnée, voire remise en cause (Fressoz, 2023), l’effet de report qu’elle crée sur les ressources minérales, mis en évidence par de nombreuses études prospectives, apparaît indiscutable. Plus de cuivre, de lithium, de nickel, de graphite ou de terres rares : telles sont les conditions non exhaustives permettant de soutenir le développement de l’électromobilité et des énergies renouvelables et, ainsi, de contribuer ...

This paper examines the complex interplay between global climate ambitions and national interests within the New South—defined as a diverse group of emerging economies, each pursuing distinct geopolitical strategies, economic priorities, and development goals—seen through a realist lens at the COP29 climate summit. As the climate crisis deepens, the geopolitical stakes involved in climate governance become more pronounced. The New South, grappling with the dual challenges ...

The road to decarbonizing the planet runs through the energy transition, which includes the shift from fossil-fueled cars to renewable energy vehicles. This automotive transition is unfolding as a true revolution in the industry. The evolution toward electric and hybrid vehicles has come in tandem with the ascent of Chinese producers. In the current context of geopolitical and technological rivalries, the automotive transition has been marked by an intense trade war, with implicati ...

La nouvelle était largement attendue : mercredi 18 septembre 2024, et pour la première fois depuis 2020, la Réserve fédérale américaine (Fed) a diminué ses taux directeurs, les portant ainsi à 4,75 % et 5 %, soit une baisse significative de 50 points de base. En repli quasi-constant depuis juin 2022 où elle avait atteint une valeur record de 9,2 % en base annuelle, l’inflation américaine est désormais sous contrôle, tandis que les récentes statistiques du marché ...

Green industrial policies are essential to enable the structural transformations needed for a successful transition to a low-carbon economy. Because of the pressing need to decouple economic growth from environmental degradation, it is imperative to reallocate resources strategically from carbon-intensive sectors to sustainable, high-productivity industries. This transition is critical both to mitigate the impacts of climate change and to promote long-term economic growth and sustai ...

Over the next decade, the energy transition will transform the global economic landscape in terms of regulations, industrial and energy investments, and technological solutions. The African continent is set to play a significant role in this transition while addressing its own sustainable development needs. To fully capitalize on this emerging dynamic, African countries should pursue innovative paths tailored to their specific contexts and constraints. They should also identify stra ...

Some of the designs are etched into the desert sand like intricate spiderwebs. Others wind through African jungles like giant serpents, transforming pristine landscapes into conduits of profit, constructed from metal, plastic, and cement. Pipes, endless pipes, stretching for thousands of kilometers, even reaching beneath the sea. Europe’s thirst for oil and gas has intensified, especially since the outbreak of the Russia-Ukraine war—whether that conflict drags on for months or years ...

Le rôle du secteur halieutique dans l’alimentation du continent africain est considérable : 22 % des protéines animales disponibles viennent des produits de la mer et des eaux douces et plus de 50 % dans certains pays africains, en particulier en Afrique du Nord et de l’Ouest. Les pêches et leurs activités connexes fournissent non seulement de la nourriture, mais aussi des emplois à 12 millions de personnes, et génèrent des revenus pour les États comme pour les communautés ...

The agricultural sector is responsible for 72% of global water withdrawals, and is the biggest employer of the world’s most vulnerable and poor populations. Still, close to 84% of smallholder farms in low- and middle-income economies are located in water-scarce regions, with less than one third of them having access to irrigation (UN, 2024). These small-scale farmers also bear the heavy weight of land degradation and climate crisis. It is estimated that food production will need to ...

The earth’s average surface temperature in May 2024 was higher than any other May on record, marking the twelfth consecutive such record-breaking month. According to the European Union’s Copernicus Climate Change Service, May’s temperature was 1.52 degrees Celsius above the pre-industrial average, while temperatures over the past twelve months have averaged 1.63°C above (Figure 1). Global sea surface temperatures have also set records over the past fourteen months.   Consider ...

Le constat est désormais parfaitement connu : une quantité croissante de ressources minérales sera nécessaire au cours des années et décennies à venir si nous voulons réussir notre transition énergétique et, délaissant les énergies fossiles, ainsi parvenir à la neutralité carbone. Plus de lithium, de manganèse ou de sulfate de nickel pour les batteries Li-ion des véhicules électriques légers, plus de silicium pour les panneaux photovoltaïques, de terres rares ou de zinc pour le ...

Interview publié sur philonomist.com   Si la récente crise qui a secoué la Nouvelle-Calédonie part d’un conflit politique, elle s’inscrit dans un contexte économique difficile. L’industrie du nickel, qui représente 90 % des exportations de l’archipel et emploie près d’un Calédonien sur quatre, est au point mort. Le « pacte nickel » proposé par le gouvernement pour relancer la filière tarde à être adopté. Comment comprendre cette situation, alors que la Nouvelle ...

Carbon trading have long been touted as a silver bullet to channelise climate finance to African countries lacking the capital to support climate mitigation and adaptation efforts. The erstwhile ‘Kyoto Protocol’ and its successor ‘The Paris Agreement’, though much more comprehensive and wider in scope, both recognize the importance of carbon trading (a form of carbon pricing) in combatting climate change, and in the Paris Agreement the same is enshrined under Article 6 and its sub-c ...

Africa has a wealth of natural resources, including minerals, agriculture, and energy commodities, which provides an opportunity for the financialization of these commodities on the continent, a concept that has gained global attention and sparked debate on the potential benefits and drawbacks. Although the financialization of commodities has been studied in various contexts, including in African countries, challenges such as liquidity constraints and market readiness have emerged a ...

Au cours de la prochaine décennie, la transition énergétique transformera le paysage économique mondial en termes de régulations, d’investissements industriels et énergétiques et de solutions technologiques développées. Le continent africain est appelé à jouer un rôle important dans cette transition, tout en répondant à ses propres besoins de développement durable. Pour tirer pleinement profit de cette dynamique naissante, les pays africains devraient s'engager sur de ...

Carbon pricing mechanisms are central to mitigating climate change. These mechanisms work by internalizing the costs associated with greenhouse gas emissions, thus encouraging emissions reductions and promoting technological progress in favor of sustainable alternatives. However, the implementation of carbon pricing mechanisms faces numerous complexities and challenges, especially in developing countries, given the potentially regressive impact of carbon pricing on low-income groups ...

It all began in 1924, when the World Energy Council (WEC) was established in order to harness the collective expertise of the global energy community and translate vision into tangible outcomes. In April 2024, the city of Rotterdam hosted the 26th Congress of the World Energy Council, whose theme was “Redesigning Energy for Better Lives and a Healthy Planet”.  It is not about a single energy transition, but rather many energy transitions. The concept of energy transition is ...

This study conducts an in-depth exploration of the increasing interest in voluntary carbon markets (VCMs) in Africa, shedding light on the potential opportunities and challenges associated with African participation in these markets. VCMs have gained prominence as promising means to address climate change, driven by substantial financial incentives and market expansion. Nonetheless, persistent debates revolve around the legitimacy of carbon credits and their tangible contributions t ...

National and regional visions for the future of water and food security have been at the forefront of sustainability talks. Nevertheless, the role of soil in water and food security and carbon management needs to be highlighted and integrated into these discussions and visions. The dynamic characterization of soil as a medium that accounts for the long-term impact of the agro-environmental conditions is of utmost importance to sustainability of these resources and to sustainable dev ...

The current decade is critical for global decarbonization. The ongoing energy transition will bring about changes in technology, commodities, infrastructure, supply chains, as well as geopolitical factors, which could give rise to new energy security challenges. It is therefore important to undertake a thorough re-evaluation of energy security dynamics, with a view to enhancing the resilience of power systems. In this paper, we examine North Africa’s energy transition trajectory th ...

Low-carbon hydrogen is a potential contributor to the goals defined in the Paris Agreement, i.e. limiting the increase in the global average temperature to 1.5°C above pre-industrial levels. The transformation of hydrogen production is a part of this effort, as current production methods in the hydrogen industry are carbon-intensive. To achieve net-zero scenarios, hydrogen production and consumption will need to change. Creating a pipeline of projects plays a central role in drivin ...

Le Maroc traverse l'une de ses pires périodes de sécheresse. Au cours des 43 dernières années, le Royaume a traversé 7 périodes de sécheresse, présentant des niveaux de sévérité variables. La plus faible pluviométrie a été enregistrée, en 2017, avec seulement 103 mm de précipitations annuelles. Ce qui caractérise la présente sécheresse, c'est sa durée exceptionnelle de six années consécutives, marquant ainsi la période de sécheresse la plus longue de l'histoire du pays. En effet, su ...

Par rapport aux intérêts des générations des années cinquante, soixante et soixante-dix (dont je fais partie), la question de l’environnement n’est venue se greffer dans les préoccupations des acteurs, leurs réflexions et programmes d’action, que tardivement. Il faudra encore quelque temps pour mûrir les éléments de cette problématique relativement nouvelle. Toutefois, dès le départ on est partagé entre deux visions : d’une part, une approche qui considère la protection de l’ ...

A Series of Disruptions The freighter, on its way from the United Arab Emirates to Bulgaria, loaded with 21000 metric tons of fertilizer, was hit by two Houthi missiles on February 18, 2024, at a point 93 miles east of Aden. The Houthi—not an army but rebels—are firing on ships in solidarity with the tortured people in Gaza, and their leaders, Hamas. Like Hamas, the Houthi are armed by Tehran. The European Union has started a mission to send frigates into the Red Sea, providing pr ...

Le contexte de tensions géopolitiques accrues et rémanentes que connaît le monde depuis quelques années, marqué par la dégradation des relations entre les États-Unis et la Chine, l'escalade des tensions à Taïwan, et le conflit entre la Russie et l'Ukraine, a engendré des répercussions majeures sur les politiques d'approvisionnement en minerais stratégiques et critiques de plusieurs États. Les récentes crises, notamment la pandémie de COVID-19 et le conflit en Ukraine, ...

The heightened and persistent geopolitical tensions of recent years, marked by the deterioration of U.S.-China relations, the escalation of tensions in Taiwan, and the conflict between Russia and Ukraine, have had significant repercussions on the strategic and critical minerals supply policies of several states. Recent crises, particularly the COVID-19 pandemic and the war in Ukraine, have exposed the vulnerability of global supply chains to geopolitical shocks and disruptions, prom ...

The author of this piece, Carolina Novac, is a 2023 alumna of the Atlantic Dialogues Emerging Leaders program. Learn more about her here.   This year, I had the honor to participate for the first time in the World Economic Forum (WEF), as a member of the delegation of Moldovan Prime Minister Dorin Recean. WEF has always been a melting pot of innovative ideas, and a place where world leaders, business giants, and thought leaders can bring suitable, joint solutions to ...

As a net energy importer seeking to improve its energy security, Morocco has stepped up initiatives to achieve a level of domestic energy sovereignty. This includes following guidelines for transitioning to cleaner energy sources, with an emphasis on diversification. This diversification extends to natural gas, solar and wind power, and innovative solutions such as green hydrogen. Morocco recognizes cooperation as a crucial element for the success of its strategies, as underlined by ...

The energy landscape in 2024 is at a crossroads. Fossil fuels continue to dominate, with prices that are volatile due to geopolitical tensions and shifting demand patterns. However, renewable energy is on the rise thanks to cost declines, policy support, and growing consumer adoption. This Policy Brief examines five significant trends that will shape the energy landscape in 2024. Navigating the complex energy landscape requires careful risk monitoring and prudent policy responses. K ...

Le paysage énergétique mondial est actuellement en mutation, marqué par des progrès importants en termes de transition vers des sources d'énergie renouvelables et d’accélération de l'électrification. Cette évolution est cruciale pour faire face au changement climatique et assurer un avenir énergétique durable. Elle coexiste, néanmoins, avec l'utilisation persistante des énergies fossiles dans certains secteurs. Bien que les technologies renouvelables soient dorénavant compétitives e ...

A 2023 United Nations progress report (UN, 2023) showed that, of the 169 targets that make up the Sustainable Development Goals (SDGs), only 15% are on track, and progress on many has either stalled or regressed. The Water-Energy-Food nexus approach has highlighted the utmost importance of understanding the interconnections between systems in order to accelerate the achievement of the SDGs. In this policy brief, we use the lessons learned from the water sector through a case study f ...

À la fin de la COP28, qui s’est tenue à Doubaï (Emirats arabes unis) du 30 novembre au 13 décembre 2023, les Etats qui ont signé et ratifié la Convention-cadre des Nations Unies sur les changements climatiques (CCNUCC) ont adopté par consensus le ‘‘Global Stocktake’’ qui prévoit notamment que le monde doit engager une transition qui l’éloignera des énergies fossiles (‘‘transitioning away from fossil fuels’’) de façon ‘‘juste, ordonnée et équitable’’ (‘‘in a just, ordered and equitab ...

The Mediterranean region is one of the major climate-change hotspots. Advancing the region’s transition to a low-carbon and renewable energy production system will be crucial to counter global warming and achieve the objectives outlined in the Paris Agreement. However, fossil fuels continue to dominate the region's energy mix, while renewable energy sources meet only a marginal share of the overall demand. The green-energy transition in Mediterranean countries, moreover, represents ...

The global economic environment has changed as the U.S.—and to a less confrontational degree, the European Union—have clearly established a context of technological rivalry with China. Hindering China’s progress in the sophistication of semiconductor production has become a centerpiece of current U.S. foreign policy. While the U.S. is clearly winning the semiconductor war, the picture is different when it comes to clean-energy technology. Both technology wars overlap with access to ...

Le 1er octobre 2023 a marqué le début de la phase transitoire du Mécanisme d'Ajustement Carbone aux Frontières (CBAM en anglais) de l'Union européenne (UE). L'objectif de cette initiative est d'instaurer une tarification du carbone sur les biens importés qui soit équivalente à celle appliquée aux biens produits au sein de l'UE, visant ainsi à réguler les émissions de carbone. Cette démarche implique la mise en place d'un ensemble d'obligations de déclaration et de conformité pour le ...

This paper was originally published on iai.it Europe’s natural gas system experienced unprecedented stress following Russia’s invasion of Ukraine. Since the outbreak of the war, the European Union has strived to secure alternative supplies, fill its gas storage facilities and reduce consumption. Success on these fronts was enabled by fundamental market changes that the bloc unlocked during a long period of low gas prices over the past two decades, in addition to emergency and ...

This paper was originally published on ecdpm.org   COP27 reached a breakthrough agreement on a new loss and damage fund for vulnerable countries and opened the door for a review of the international financial architecture. Ahead of COP28 at the end of 2023, the AU-EU partnership can help drive global climate change and energy transition agendas forward. A fruitful collaboration between the two continents starts with the following: • Africa and Europe must find comm ...

À  l’approche du Sommet africain du climat (Africa Climate Summit), qui se tiendra à Nairobi du 4 au 6 septembre 2023, de très nombreuses organisations non gouvernementales (ONG) ont écrit au président du Kenya, William Ruto, pour lui faire part de leurs inquiétudes concernant l’ordre du jour de ce sommet. Selon ces ONG, les intérêts des entreprises et des pays occidentaux pourraient prendre le pas sur ceux de l’Afrique. Les vraies priorités sont notamment d’éliminer progressiv ...

Deborah Braide is a 2022 alumna of Atlantic Dialogues Emerging Leaders program. Learn more about her here. Although equitable participation in STEM careers has historically been low, through advocacy, policy changes and recent initiatives, African women and youths are now rising to the forefront of STEM and sustainable energy. Maintaining momentum and addressing barriers to entry requires a holistic transformation of educational systems, financing, and socio-cultural norm ...

The Carbon Border Adjustment Mechanism (CBAM) has emerged as an important policy tool in the European Union's (EU) efforts to combat climate change and prevent carbon leakage. By putting a price on carbon emissions embedded in certain goods imported into the EU, the CBAM has the potential to impact economies worldwide, including Morocco. This policy brief examines recent CBAM developments and assesses their implications for Morocco's economy and climate change efforts. It analyzes t ...

This policy brief was originally published on t20ind.org   Despite the perception of abundant financial resources and technology worldwide, building quality project pipelines of sustainable infrastructure and securing funding for them remains a challenge for most developing countries. One potential solution to these obstacles is international cooperation among governments through enhancing cooperation among their national, regional, and multilateral development banks, wh ...

Dans la région MENA (l'Afrique du Nord et le Moyen-Orient), le secteur de l’eau est marqué par une tendance accélérée à l’amenuisement des ressources hydriques avec des périodes de sécheresse de plus en plus fréquentes et des besoins en croissance soutenue. « D’ici la fin de cette décennie, la quantité d’eau disponible tombera sous le seuil absolu de pénurie, fixé à 500 mètres cubes par personne et par an », apprend-on dans le nouveau rapport de la Banque mondiale (BM) int ...

This report was originally published on iemed.org In the last decade, it has become very clear that climate change is not a problem of the future. This threat multiplier is causing severe natural disasters, rising sea levels, desertification, and rising temperatures in every continent, reminding us that it is not only the global South that is experiencing and will be experiencing its direct effects. It is true, however, that some of the most severe impacts of climate change are ind ...

This policy brief was originally published on T20 India website   A decade of poor growth, increased poverty, and political instability followed the serious debt difficulties that emerged worldwide in the 1980s. There are concerns that the looming debt crisis could create similar challenges and result in even more severe consequences. However, the current economic climate differs in many ways from that of the 1980s, when international banks and Paris Club credi ...

 This brief was originally published on gmfus.org as part of a partnership between the Policy Center for the New South and the German Marshall Fund of the United States.   Air and ocean temperatures are increasing at record levels despite international efforts to mitigate carbon emissions. The consequences of this failure go beyond its harmful effects on climate patterns to endangering global political, economic, and social stability. ...

This Policy Paper was originally published on freiheit.org This study explores how Morocco can successfully develop a green hydrogen market and at the same time contribute to the global energy transition. Authors Rim Berahab and Afaf Zarkik show how Morocco’s bold strategies and investments in renewables can shape a promising future for green hydrogen. They chart a path to decipher the potential of this energy vector, while outlining the elements necessary for the emergence o ...

Nothing better illustrates the positive contribution of the integration of national economies into global value chains than the fact that in the 1990s, the automotive sector barely existed in Morocco. Now, it is the leading export sector, with a production and assembly capacity of 700,000 vehicles, making it an attractive and competitive hub linking Africa and Europe in the automotive value chain. However, the automotive industry is on the cusp of change, with advances in electric a ...

In the face of oil production cuts by Saudi Arabia and some OPEC members, the energy supply is shrinking again. This is in response to fears of an impending recession, higher inventories in some key countries, and an attempt to keep prices at a certain level. Turning to renewables is now essential to reduce dependence and increase resilience to energy insecurity, while non-renewable energy sources continue to show signs of unpredictability and harmful dependence. Economic outlooks v ...

The energy sector faces many challenges that undermine economic growth, energy security and access, and environmental sustainability. To address these challenges, Atlantic Basin countries need to improve access to reliable energy, diversify their energy mix with low-carbon alternatives and improve energy efficiency in the long term. However, the transition to clean energy will also create new risks and challenges that differ from one Atlantic country to another, requiring additional ...

This paper presents a synthetic view of the socioeconomic and environmental impacts of the economic sectors and regions that make up the Moroccan economy, taking into account the current economic structure and production technologies. Therefore, the potential effects must be understood as signals to think about interventions aimed at redirecting the desired trajectories of sustainable development. The application of the tools developed to give scientific support to this analysis rev ...

For over six decades, Morocco has largely equated the achievement of food self-sufficiency (FSS) in ‘strategic’ food commodities to achieving food security. Successive governments have succeeded in guaranteeing the availability of and access to these commodities for the poor and vulnerable. In so doing, they have maintained social stability by fulfilling a basic social contract with the people. This is a major achievement, but the financial, economic, and environmental costs of this ...

This paper explores the impact of commodities financialization on crude oil prices and their volatility. While some commodities have been market movers for centuries, introducing others, such as oil, to the financial markets is more recent. The increase in investors' appetite for commodity investing has led to commodities’ financialization, which is often considered an amplifier of commodity price volatility. This paper focuses on the relationship between crude oil prices and the fi ...

It is estimated that $1 trillion to $6 trillion per year (up to 2050) needs to be invested globally if the world is to stay below the 2°C global warming ceiling of the Paris Agreement and to meet its adaptation goals. Currently, investments stand at about $630 billion per year, way below the original target. And although great efforts have been made in the climate-finance area, more than 70% of the funds deployed have gone to one sector, renewable energy, followed by the transportat ...

The contemporary global energy landscape is experiencing noteworthy changes in demand, supply, technology, markets, and investment. These developments transcend conventional oil and gas security considerations. Renewable energy sources, such as wind and solar power, have become increasingly cost-effective compared to fossil fuels, and the minerals required to produce them are gaining importance. Nevertheless, recent events such as the Covid-19 pandemic and the conflict in Ukraine ha ...

L’Afrique est plurielle, comme le sont les investissements chinois sur son continent. Cette étude montre que, contrairement à ce que l’on mettait en avant durant la décennie 2010, ces investissements ne se limitent pas à l’exploitation du sous-sol africain. Les opérateurs chinois, privilégiant le long terme, se montrent le plus souvent patients et discrets, ne ciblant pas les seuls investissements miniers. Concernant les secteurs principalement bénéficiaires de ces investissements, ...

In April 2007, on my first day as vice president at the Inter-American Development Bank (IDB) in Washington D.C., I received an informal visit from Thomas E. Lovejoy, a celebrated American environmental scientist who died last year. He spoke to me of a “turning point” in deforestation in the Amazon, beyond which the consequences would be irreversible. He was interested in knowing how the IDB could help in the fight against deforestation. Thomas and the Brazilian environmental scien ...

The volatility in energy markets since the outbreak of the Covid-19 pandemic in 2019/2020 has continued, with unprecedented uncertainty about global energy supply developing over the course of 2022 in the wake of Russia's invasion of Ukraine, against a backdrop of weakening macroeconomic conditions and high inflation. While some perceived this as a potential setback for the energy transition, others saw it as an opportunity to move away from fossil fuels and accelerate the developme ...

The fundamental role that water resources play in human development has been highlighted in multiple ways; the United Nations SDGs underline 17 different goals and over a hundred targets to be achieved by 2030. Out of 169 SDG targets, 59 were found to have direct links and synergies with the water goal SDG6 (UN Water, 2016). Careful policy making and interventions need to be implemented to avoid conflict among sectors and tradeoffs must be well established. The Integrated Water Reso ...

La plupart des écosystèmes arides et semi-arides d’Afrique sont dédiés à différents types d’élevage extensif. Ces systèmes sont des acteurs majeurs dans la valorisation des espaces, et des ressources naturelles. En plus de nourrir les humains et les animaux, l’élevage pastoral fournit un revenu de subsistance à des populations qui ne pourraient survivre autrement dans ces régions. Ce pastoralisme est menacé depuis plusieurs années. Dans la quasi-totalité des zones agro ...

As the introductory textbook to economics by Nobel Prize Paul Samuelson, who served several generations of students, including mine, said: “It is easy to teach economics to a parrot. Two words are enough: supply and demand”. These two factors suggest 2023 will be a year of upward trend for most commodity prices. Last year was marked by shocks and volatility in commodity prices, with two distinct moments. After the sharp rise in the first half, due to the invasion of Ukraine by Russ ...

A rapidly-expanding market Water desalination is gradually emerging as the leading solution to cope with increasing water stress: i.e., the imbalance between water demand and quantities available. The United Nations estimates that by 2025, two-thirds of the world’s population will be affected by such challenges. The causes of water scarcity are multiple, including climate change, intensive agriculture, and population growth. This requires states to rethink their water policies, whi ...

Si l’année 2021 fut marquée, dans une situation de rattrapage économique post-Covid, par la progression des cours de la quasi-totalité des matières premières agricoles, minérales ou énergétiques, tel ne fut pas le cas pour 2022, caractérisée, au contraire, par une grande hétérogénéité de trajectoires. Le déclenchement de la guerre en Ukraine a certes conduit à une élévation forte de nombreux produits de base en raison du poids de la Russie, de l’Ukraine voire du ...

While 2021 brought higher prices for almost all agricultural, mineral and energy commodities as the economy caught up after Covid, this was not the case for 2022, with, on the contrary, prices diverging substantially. The onset of war in Ukraine certainly drove up the price of many commodities given the significance of Russia, Ukraine and even Belarus in world production. However, it was the imposition, or not, of trade and financial sanctions against Russian exporting companies and ...

Les fluctuations que connaissent les marchés de l'énergie depuis le début de la pandémie de la Covid-19 en 2019/2020 se sont prolongées, avec une incertitude sans précédent, sur l'approvisionnement énergétique mondial, qui s'est développée au cours de 2022 à la suite de l'invasion de l'Ukraine par la Russie, dans un contexte d'affaiblissement de la macroéconomie et d'inflation élevée. Alors que certains voyaient en ce contexte un risque de ralentissement de la transition énergétique ...

The green hydrogen market1 is poised for major upheaval in the years to come as new players in the energy transition emerge. This market, however, still depends on the development of demand, the reduction of production, transport and storage costs, the development of truly competitive supply chains and the establishment of and appropriate legal and regulatory framework. Despite the many challenges facing this sector, a number of countries have begun to position themselves as impor ...

Le marché de l’hydrogène vert est appelé à connaitre de grands bouleversements dans les années à venir avec l’émergence de nouveaux acteurs de la transition énergétique. Néanmoins, ce marché est encore tributaire du développement de la demande, de la baisse des coûts de production, de transport et de stockage, du développement d’une chaîne logistique très compétitive et de la mise en place de cadre juridique et règlementaire approprié. Malgré les différents dé ...

Climate change threatens to reduce the water flow in the Nile and increase the frequency and severity of droughts and floods in Egypt, which already suffers from water scarcity. This threat is a looming crisis as it seriously undermines the Government of Egypt’s long standing food self-sufficiency approach to food security, an approach which is wasteful of increasingly precious arable land and water resources, while achieving neither more food self-sufficiency nor meaningful food se ...

After several decades of reforms, the situation in centralized power sectors has hardly changed. The sub-Saharan power sector remains underdeveloped, and power sectors are experiencing significant financial difficulties that have been further exacerbated first by the effects of the pandemic and then the war in Ukraine. ...

In a global context shaped by a three-dimensional crisis: the Covid-19 crisis, the climate change crisis, and the Russia-Ukraine war, the issues of connectivity, value chains, and the green transition are at the heart of the current policy debates all over the globe. In this regard, the Policy Center for the New South has organized, jointly with the Istituto Affari Internazionali (IAI), a conference on November 2nd, 2022, under the theme “Connectivity, Value Chains, and the Green Tr ...

La COP27 se déroulera du 7 au 18 novembre 2022 à Charm el-Cheikh, en Égypte, afin d’évaluer l’impact des mesures prises par les parties et les progrès accomplis dans la réalisation des objectifs de la Convention-cadre, à savoir stabiliser les concentrations de gaz à effet de serre à un niveau qui empêche toute perturbation anthropique dangereuse induite par l’homme du système climatique. Alors que la concentration de dioxyde de carbone dans l’atmosphère est plus forte que jamais, la ...

This chapter was originally published in CEPR's eBook "Scaling Up Sustainable Finance and Investment in the Global South" The world faces a huge shortage of infrastructure investment relative to its needs. With few exceptions, such as China, this shortage is even greater in non-advanced countries. The G20 Infrastructure Investors Dialogue estimated the volume of global infrastructure investment needed by 2040 to be $81 trillion, $53 trillion of which is needed in non- advanced cou ...

This publication was originally published in Project Syndicate    Mobilizing excess savings in advanced economies for much-needed investment in green infrastructure in emerging-market and developing economies will not be easy. But it is possible, if both the public and private sectors do their parts. WASHINGTON, DC – To spur development and fight climate change, emerging-market and developing economies (EMDEs) will need huge amounts of investment in green infrastructure ...

This Policy Brief addresses the question of Europe's interest in the Nigeria-Morocco Gas Pipeline project. The paper advances six arguments to support this interest and its relevance. 1) The project effectively diversifies European gas resources and provide greater scope for action. 2) Building the pipeline helps create a new generation of measures to curb the asymmetric risks Europe faces. 3) The project mitigates the risk of replacing European dependence on Russian gas with anothe ...

Avec près d’une vingtaine de pays dotés de minerais de tout genre, l’Afrique renferme les plus grandes réserves en ressources naturelles dans le monde. Paradoxalement, le continent reste l’une des régions les moins développées et comptant des populations parmi les plus pauvres. Inégalité dans la distribution des richesses, convoitise des ressources du continent par des entreprises étrangères ainsi qu’un manque de transparence de la part des dirigeants africains, sont autan ...

Le présent Policy Brief tente d’apporter une réponse à la question de l’intérêt de l’Europe dans la réalisation du projet de Gazoduc Nigeria-Maroc. Six arguments sont avancés pour fonder l’existence et la pertinence d’un tel intérêt. 1) Le projet participerait efficacement à la diversification des ressources gazières des pays européens et leur donnerait plus de marge de manoeuvre. 2) La mise en place du gazoduc participerait à l’édification d’une nouvelle génération de mesures qui a ...

La succession des chocs pandémique, climatique et géopolitique a éprouvé les économies africaines. Les liens commerciaux et financiers avec le monde ne sont plus seulement considérés comme des moteurs de performance, mais aussi comme des sources potentielles de vulnérabilité. La défiance à l’égard de la mondialisation s’est accrue. Parce qu’elle est venue souligner la dépendance du continent, le dérèglement de ses rapports à la nature et sa vulnérabilité face aux tensions géopolitiq ...

Après plusieurs décennies de réformes, la situation des secteurs électriques centralisés a peu évolué. Le secteur de l’électricité subsaharien reste peu développé et les secteurs électriques font face à d’importantes difficultés financières qui ont été encore accrues par les conséquences de la pandémie puis de la guerre en Ukraine. Les pertes d’exploitation de l’ensemble des secteurs électriques africains auraient dépassé les 150 milliards de dollars en 2020. F ...

Au cours des dernières années, les découvertes d’hydrocarbures au Maroc ont été plutôt gazières que pétrolières. De plus, ces découvertes sont en général de petite taille. La plus intéressante de ces découvertes à ce jour est Anchois, qui est située sur le permis marin de Lixus Offshore au large de la ville de Larache. Ce permis est détenu depuis 2019 par Chariot Limited (75 %), une entreprise basée à Guernesey, et par l’Office National des Hydrocarbures et des Mines (Onhym – 25 %), ...

L’Afrique représente environ 3 % du produit intérieur brut mondial. Il n’est donc pas surprenant que le poids du continent dans le secteur de l’énergie soit très faible, compte tenu des liens très étroits entre économie et énergie. Selon la dernière édition de la BP Statistical Review of World Energy, publiée en juin 2022 et portant sur l’année 2021, la part de l’Afrique dans la consommation mondiale d’énergie primaire était de 3,4 % l’an dernier (a) (b). Le continent, qui représent ...

In May 2021, the International Energy Agency’s (IEA) report Net Zero by 2050 stated that there is no need for new investments in oil and gas fields in their net zero pathway[1]. The message was clear: place your next investments in clean energy sources and energy efficiency. However, the IEA’s Africa Energy Outlook 2022 stated that Africa’s industrialisation relies in expanding the use of natural gas[2]. Even the IEA executive director Fatih Birol said, “if we make a list of the top ...

L’invasion russe de l'Ukraine a incité l'Union Européenne, en coordination avec d’autres puissances mondiales, à monter en urgence une réponse coordonnée de sanctions sans précédent. La plus emblématique d'entre elles est l'embargo partiel contre le pétrole et autres produits raffinés russes, qui signifie en essence la transition du commerce pétrolier d’une logique économique vers une logique géopolitique. D'où la montée en flèche des cours du pétrole et d'autres matières premières. ...

Avant la pandémie Covid-19, le continent abritait les économies à la croissance la plus rapide du monde et plusieurs pays africains montraient les premiers signes de transformation structurelle et de progrès vers l’émergence économique. Plus de deux ans après la pandémie et les ondes de choc qui en ont résulté, deux questions cruciales se posent : dans quelle mesure le choc sanitaire Covid-19, exacerbé par la crise ukrainienne, a-t-il constitué un tournant dans le processus général ...

The world is facing its worst food crisis in 70 years as a perfect storm of geopolitical events contributes to a spike in prices. Wheat alone has jumped 53% since the start of the year. Alarmingly, a number of governments have responded to the crisis with export bans. Governments and organizations worldwide must act decisively to avoid knee-jerk neo-mercantilism, which would add to the volatility in the global economy. Globalization is at a fragile moment, and mercantilism still lur ...

Oil dominates Nigeria’s economy- “Africa’s Giant”. Oil revenues are both a blessing and a curse: a blessing because they are the single most important contributor to government revenues; a curse because, through the Dutch Disease, they undermine the productivity and competitiveness of other non-oil sectors, primarily agriculture and agri-processing; and manufacturing, two major sources of non-oil employment and incomes. Since Nigerian governments did not try to counter the Dutch Dis ...

Avec 38 % des réserves gazières mondiales, la Russie est un acteur majeur du marché mondial du gaz. Aussi, son invasion de l’Ukraine et les sanctions qui l'accompagnent vont désorganiser ce marché. L'objet de cette étude est d'analyser les conséquences de cette désorganisation pour l'Afrique, en distinguant le marché mondial du gaz naturel (I) de celui du marché du gaz africain (II), et ce avant la crise ukrainienne. Ce qui nous conduira à tirer les conséquences et les enseignements ...

The world food price index collected for the last 60 years by the United Nations Food and Agriculture Organization (FAO) hit its highest record in March, declining gently in April. Pandemic, war and death in Ukraine, and droughts in the last 2 years… Such a combination looks apocalyptical. Now it is adding global hunger risks, because of the food price crisis. The rise in global food prices started in mid-2020 because supply chain disruptions triggered food stockpiling. Mobility r ...

Pursuing efforts to decarbonize economies and increase energy systems’ resilience is crucial to stay within global warming limits and fight the consequences of climate change, which are becoming increasingly acute. The transition to a net-zero economy will be commodityintensive and require significant quantities of critical minerals, defined as metals and nonmetals essential to high-tech sectors. As the shift to cleaner technologies progresses, supply of critical minerals for the en ...

In addition to the deaths and destruction in Ukraine, the Russian invasion has caused several significant shocks to the global economy. In addition to the geopolitical consequences of the war, reinforcing the downward trend in trade globalization and financial integration, new rounds of disruptions to supply chains and higher commodity prices have already led to downward revisions in economic growth projections, accompanied by higher inflation. The commodity price shock, intensify ...

Following on the heels of the COVID-19 pandemic and severe drought in North Africa, the Russian invasion of Ukraine – large exporters of food and, in the case of Russia, energy— may inflict increased hunger on the food insecure in Morocco – despite mitigating measures by the government. Morocco is so far successfully shielding its large poor and vulnerable population by subsidizing essential commodities. With memories of the violent protests during the 2007/08 food and fuel crisis ...

Emerging market and developing economies (EMDE) face a common set of external shocks: rising energy and food prices; tightening in global financial conditions caused by the prospect of sharper interest rate hikes and anticipation of "quantitative tightening"; and return of restrictions on mobility in China, on account of the Covid zero policy, leading to slumping in growth and weakening one of the primary growth drivers for the other EMDE. However, the impacts of those common shocks ...

L'invasion, par la Russie, de l'Ukraine, grenier à blé de la mer Noire, impacte lourdement le marché mondial de cette denrée, en premier lieu les principaux pays/clients importateurs des deux belligérants. L'objet de cette étude est d'analyser les conséquences de cette guerre pour l’Afrique, continent où le pain est un aliment de base. Ce qui nous conduit, tout d'abord, à rappeler les données générales de ce marché, avec une Russie et une Ukraine respectivement au premier et cinquiè ...

Russia's invasion of Ukraine, the Black Sea granary, severely impacts global wheat markets, and especially hits the two warring parties' primary importing countries/clients. This study examines impacts of this war on Africa, where bread is a basic staple. This brings us to start with a review of broad market data, with Russia and Ukraine respectively ranking first and fifth among global wheat exporters, and the European Union (EU) gaining an edge as an alternative to the U.S./Canada ...

The start of 2022 has been marked by drought, with countries around the world experiencing abnormally low levels of precipitation and dryness over the last few months. On the African continent, the intensity and duration of the droughts is wreaking havoc on economies already struggling because of the pandemic. In the eastern part of the continent, drought threatened to put countries in the Horn of Africa “on the brink of catastrophe” as late as February. In the north, Morocco is exp ...

The 2021 German federal election brought about a historic reshuffle of the political parties’ hierarchy in Europe’s biggest economy. The Social Democratic Party are back in control of the Chancellery for the first time since 2005, as part of a three-party coalition at the federal level with the Greens and the Liberals, a first in Germany’s post-war history. Now, the federal government has turned its gaze towards its founding mission: more progress. The first 100 days of the three-pa ...

The war in Ukraine is bringing substantial financial, commodity price, and supply chain shocks to the global economy. Sanctions on Russia are already having a significant impact on its financial system and its economy. Price shocks will have a global impact. Energy and commodity prices—including wheat and other grains—have risen, intensifying inflationary pressures from supply chain disruptions and the recovery from the pandemic. The push toward relative deglobalization received fro ...

The pros and the cons of regional market integration are well exemplified by the experience of Uruguay, a small, open economy in MERCOSUR, which is a highly protectionist trade bloc, dominated by Argentina and Brazil. With access to such large markets, Uruguay did raise its growth rate during the first decade of MERCOSUR, the 1990s. However, market integration as implemented in MERCOSUR was also problematic in that Uruguay suffered from the high protectionism of Argentina in the for ...

S’il est commun de catégoriser les matières premières en fonction de leur réalité physique et de distinguer, en cela, produits agricoles, énergie et métaux, on se saurait oublier que ce sont les caractéristiques économiques qu’elles partagent qui justifient le regroupement de ces produits de base sous le terme commun de « commodities ». Une analyse en profondeur révèle toutefois la mise en œuvre, par les producteurs, de stratégies de différenciation par la qualité visa ...

The contrast between Argentina’s rich natural resource endowment and its poor economic performance has been the focus of much socio-political and economic analysis. When it created MERCOSUR with its immediate neighbors, Brazil, Uruguay, and Paraguay in 1991, it had access to a trading bloc with a combined GDP of US$ 419 trillion (2019), making it the 5th largest economy in the world. Joining the MERCOSUR was a break from its protectionist past. But it did not last. Argentina greatl ...

Known for being a climate change hotspot, Morocco is at the forefront of a climate disaster. Consequences are already being felt, whether in the form of increasing temperature or a downward trend in precipitations, which directly threaten the water security and, by extension, the social-ecological systems of the country. The systems by which food, energy, and water are produced, distributed, and consumed heavily depend on one another. Their implicit feedbacks and links are not linea ...

The Russian-Ukrainian war will have major economic and political repercussions. In this note, we focus on the war’s economic short and long term implications on the African economy. This conflict comes at very arduous context, where Africa is still struggling to set its economy on the recovery path, amid global inflationary pressures and highly uncertain context. While natural resources countries, especially energy exporters, are sensing opportunities from the crisis, other countrie ...

La guerre russo-ukrainienne aura des répercussions économiques et politiques dans les années à venir. Dans cette note, nous nous intéressons aux implications économiques de la guerre sur l’économie africaine à court et à long terme. Le conflit survient alors que l’Afrique s’efforce de mettre son économie sur la voie de la reprise, dans un contexte de pressions inflationnistes mondiales et de volatilité des marchés financiers et des matières premières. Alors que les exportateurs d’én ...

Phénomène inédit depuis 2014, le prix du baril de Brent a dépassé le 24 février 2022 le seuil de 100 USD/bbl, à la suite de la déclaration par la Russie de la guerre contre l’Ukraine. Il atteignait même 105 USD/bbl en séance, avant de se replier légèrement. Nul ne pouvait en être surpris, et ce pour deux raisons principales. En premier lieu, le pétrole est, à l’instar de l’or, l’un des baromètres des tensions géopolitiques mondiales et il ne fallait guère être devin pour savoir que ...

Cela n’est plus à démontrer : la transition environnementale se traduit par une demande accrue pour un certain nombre de minerais et de métaux nécessaires au développement de l’électromobilité et à la génération électrique décarbonée permettant de l’alimenter. Le nickel compte parmi ceux-ci. L’essor des batteries lithium-ion crée, en effet, une forte demande pour le sulfate de nickel, alors que l’offre demeure contrainte, pour des raisons d’ordres technologique et éco ...

Le sommet afro-européen des 17 et 18 février 2022 à Bruxelles marque la sixième édition de la rencontre de haut niveau entre les deux continents. Ce sommet, organisé traditionnellement en alternance entre l’Afrique et l’Europe, intervient dans un contexte régional et international marqué par la perspective de sortie de la pandémie de la Covid-19, l’épreuve de force entre l’Occident et la Russie et les turbulences que connaissent certaines régions africaines. Face à une E ...

Using education and elite configurations as the main variables of analysis, this Policy Paper aims to show how higher levels of popular sector incorporation during elite conflicts, namely in the process of formulating and implementing policies related to education reforms, can negatively affect the economic complexity of developing countries. To do so, it analyzes the experiences of Mauritius and Singapore and links foundational political economy theories, particularly developmental ...

Si les liens existant entre l’exportation de matières premières et l’industrialisation sont étudiés depuis longtemps, l’entrée résolue de l’économie mondiale dans l’ère de la transition environnementale et numérique leur offre une dimension toute particulière. L’évidence de la lutte contre le réchauffement climatique par la décarbonation de notre monde ne saurait, en effet, faire oublier toute la complexité de la stratégie à adopter pour y parvenir. Il s’agit, pour l ...

Energy markets have experienced significant disruptions since the outbreak of COVID-19. In late 2021, soaring natural gas prices triggered a new crisis, leading to risks of energy supply shortages worldwide and propelling the issue of energy security to the forefront. Africa will not be spared the repercussions of this crisis, which could further increase energy inequality, which is in turn linked to other forms of inequality. Indeed, in a context of persistent inflation, the lack o ...

Setting the Scene for the Current State of Inclusive Green FinanceClimate change is one of, if not the biggest, challenges facing the world. The challenge extends to banking regulators, who, in addition to other responsibilities, are now tasked with ensuring financial inclusion and climate change mitigation. However, central banks realizing how important inclusion and climate change are is only the first step. As part of this process, they need to understand how to define Inclusive ...

Why Green Finance Taxonomies? The increasing effort to mitigate climate change has caused more and more individuals, governments, and companies to shift away from traditional financial investments and activities, and towards more environmentally-friendly alternatives. However, until recently, there has been a lack of consensus on what green finance and its environmental impact is. Thus, green finance taxonomies are needed to provide classification systems that identify how environm ...

في يناير/كانون الثاني 2022، أعلنت شركتا التنقيب عن النفط والغاز، شاريوت ليمتد وبريداتور أويل آند غاز هولدينغ، المستقرتان معا في المملكة المغربية، أخبارا سارة حول رخصتين من رخصهما في البلاد. وقد أفاضت اكتشافات الغاز الطبيعي المذكورة الكثير من المداد. غير أن هذا الأمر ليس بالمفاجئ عموما، وذلك لعدة أسباب. حيث يعتبر اكتشاف الهيدروكاربونات (النفط أو الغاز الطبيعي) حدثا مهما في حد ذاته بالنظر إلى مكانة الهيدروكاربونات على الساحة الطاقية (يمثل النفط والغاز الطبيعي مجتمعين أقل من 60 في الما ...

En janvier 2022, deux sociétés pétrolières, Chariot Limited et Predator Oil & Gas Holdings PLC, toutes les deux basées au Royaume-Uni, ont annoncé de bonnes nouvelles sur deux permis au Maroc. Ces découvertes de gaz naturel ont fait couler beaucoup d’encre. De façon générale, ce n’est d’ailleurs pas très étonnant, et ce pour plusieurs raisons : une découverte d’hydrocarbures (pétrole et gaz naturel) est un événement important en soi au regard de la place des hydrocarbures s ...

In January 2022, two UK-based oil companies, Chariot Limited and Predator Oil & Gas Holdings PLC, made positive announcements on two gas fields in Morocco. These natural gas discoveries generated considerable attention. This is often not surprising for a number of reasons: a hydrocarbon discovery (oil and natural gas) is an important event in itself given the prominence of hydrocarbons in global energy (oil and natural gas together account for around 60% of global energy consump ...

La forte progression des cours des matières premières en 2021 ne peut occulter qu’elle s’est inscrite dans un contexte sanitaire, mais également économique et géopolitique, particulièrement instable. Si des évolutions structurelles fortes sont bien à l’œuvre – transition environnementale et numérique, essor démographique et mutation des habitudes alimentaires, mais aussi affirmation de la Chine sur les chaînes de valeur internationales, renforcement de la transformation locale dans ...

“This opinion was prepared within the framework of the Jean Monnet Atlantic Network 2.0. The European Commission's support for the production of this publication does not constitute an endorsement of the contents, which reflect the views only of the authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein.”   As part of the lengthy fight against climate change, the European Union (EU) has introduced a Border Car ...

A la fin avril 2021, Total (aujourd’hui TotalEnergies) annonçait le retrait de son personnel du site d’Afungi, dans le nord-est du Mozambique, et déclarait la force majeure pour le projet gazier Mozambique LNG. Ce projet, qui devrait normalement être opérationnel en 2024, porte sur la production et l’exportation de gaz naturel liquéfié (GNL) à partir de très importantes ressources de gaz naturel découvertes dans le bassin de Rovuma (Zone offshore 1) en mer. Ce retrait temporaire du ...

En dépit de toutes les critiques contre les énergies fossiles au niveau international, plusieurs projets pétroliers et gaziers continuent à être lancés et à progresser en vue de prochaines mises en production. L’Afrique ne fait pas exception à la règle, bien au contraire. Des projets pétroliers importants sont ainsi en cours de développement dans plusieurs pays du continent et, pour au moins trois d’entre eux, le compte à rebours est bien engagé. Nous évoquerons dans cette Opinion l ...

Simon Kofe, the Foreign Minister in charge of Communication and Justice of Tuvalu, a 25.9 square miles’ nation located in the South Pacific, was standing at the podium in suit and tie. But when he rolled up his trouser, he was barefoot, feeling white sand under his feet, the warm, sparkling clear water up to his knees. A PR stunt filmed at the far end of Fongafate, the primary islet of the capital Funafuti. Tuvalu’s population is about 11 000 inhabitants, and it is one of the ...

A Case for Regulators to Green Financial Inclusion Financial Inclusion is an Excellent Tool for Combating Poverty It is well known that supporting financial inclusion is a relevant tool in lifting people out of poverty. There is plenty of empirical evidence showing that financial inclusion significantly reduces poverty and income inequality in developing countries. Concerted efforts to support financial inclusion globally have existed since the United Nations Capital Development ...

Dans le vaste univers des matières premières, il est commun de parler des « métaux de base » pour qualifier les « grands » métaux non ferreux que sont l’aluminium, le cuivre, l’étain, le nickel, le plomb et le zinc. L’homogénéité de ce groupe est, bien évidemment, toute relative et la dynamique des cours qu’ils ont suivi, chacun, depuis le printemps 2021 ne peut manquer de le rappeler. En effet, alors qu’ils avaient tous lourdement chuté au premier trimestre 2020 ...

 Accelerating the transition toward low or net-zero carbon emissions is necessary to keep global warming at theoretically safe levels. That will likely bring price shocks associated with rising metal prices, energy costs, and carbon taxes – what has been called “greenflation”. Greening the economy will also require public spending and redistributive policies. ...

Addressing the increasing demands for water, energy, and food requires a coherent methodology to ensure that  societies have access to them and that conflict over them is avoided. For example, agriculture and food production  require water and energy; energy production also requires water and, in some instances, agricultural products.  Water distribution and treatment can be very energy intensive. Therefore, the benefits of approaching the Water- Energy-Food (WEF) nex ...

This impact-driven young Peruvian legal scholar studies and advocates for the redesign of Corporate Law internationally through innovation for sustainable development. What does that mean exactly? After graduating from Harvard Law School (LL.M.’19), Juan Diego Mujica Filippi has been working as academic coordinator of an international research project on purpose-driven companies and the regulation of the fourth sector sponsored by the Ibero-American General Secretariat (SEGIB, base ...

Ce Policy Brief se propose d’apporter un éclairage sur la nouvelle place du Sud dans les relations internationales et le rôle que peut jouer le Maroc dans cet essor. Il existe, en effet, des opportunités pour le Royaume du Maroc de représenter et d’accompagner son continent d’appartenance, l’Afrique, pour la promotion des narratifs alternatifs, notamment sur les questions du changement climatique et de la migration. ...

Si le recours aux énergies renouvelables ne peut que croître, doit-on symétriquement considérer que le gaz naturel est, à l’instar du pétrole et du charbon, une énergie du passé ? Cette question simple en apparence, appelant une réponse tranchée et nécessairement positive au regard de l’impératif climatique, de la nécessité de décarboner nos économies, mais également des engagements politiques pris dans ce sens par de nombreuses nations. Le bien-fondé environnemental de ce raisonnem ...

Après avoir connu plusieurs années difficiles marquées par une abondance de stocks et des surcapacités, l’aluminium a vu ses cours flamber sur les dix premiers mois de 2021, et ce malgré une inflexion récente. Au-delà de la reprise de la demande mondiale dans un contexte post-Covid-19, c’est la contraction de l’offre de la Chine, premier producteur mondial, qui expliquait cette dynamique haussière, alors que nombre de métaux de base tendaient à voir leurs prix fléchir depuis l’été. ...

 Lors de la COP 26, il est probable que l'on accorde plus d'attention aux grands émetteurs comme la Chine et les États-Unis qu'à la situation des petits pays en développement, pourtant plus exposés aux conséquences du changement climatique. Le Maroc fait partie de cette catégorie. Ce Policy Brief examine les objectifs d'atténuation du Maroc dans le cadre de ses CDN et ses performances à ce jour avant de s'intéresser aux mesures nécessaires pour atteindre l'objectif à moyen term ...

 As COP 26 unfolds, more attention is likely to be paid to big emitters such as China and the United States than to the situation of small developing countries, even though they are more exposed to the consequences of climate change. Morocco falls into this category. This Policy Brief examines Morocco's mitigation objectives under its NDCs and its performance to date before exploring the needed measures to achieve the 2030 mid- term goal. Although Morocco has made significant p ...

The modern offices are flooded with light; some figures in face masks face the empty space, which is embraced by total silence. The air conditioning system is producing fresh air, indicating that the Policy Center for the New South continued to work in the shadow of the pandemic. Some researchers and analysts worked from home, others left large spaces between their desks, lost in thought and reflection, not even tempted to look out of the windows for orange trees, which spread thei ...

Quelques jours avant le début de la COP 26 à Glasgow, en Ecosse, la Commission africaine de l’énergie (AFREC) (a) a voulu souligner que le gaz naturel pouvait jouer un rôle important dans le paysage énergétique africain. Le 25 octobre, l’AFREC a publié un communiqué de presse pour mettre en valeur une ‘’note d’orientation politique sur l’énergie’’ qui avait été achevée en juillet 2021. Le changement climatique est largement causé par la production et la consommation massive des éne ...

This article was initially published on globaldev.blog in English, French and Spanish. How can the world achieve higher levels of decarbonization without compromising economic development? This column explores the case of Morocco, a developing country committed to contributing to the global effort against climate change. Assessment of possible decarbonization pathways suggests that particular attention should be paid to expanded penetration of renewabl ...

How close are we to the apocalypse, human culture, democracy, wisdom, thrown back in time and reduced to the mind of Neanderthals? Remember them, 40 000 years ago? Or back to the days of the dinosaurs, 233 million years gone by, yet unforgotten, thanks to Hollywood. Gone are the mammoths, the cave men, the pest and cholera and wars, which lasted 30 years. Compared with the devastation of the “black death”, a bubonic plague pandemic (1347 to 1353), which caused the death of up ...

Catastrophic Consequences Increasing wildfires, a sign of climate change, are reducing forests to ashes. This year alone, 43 billion metric tons of CO2 will be emitted into the atmosphere from forest fires. The world lost about 10 million hectares of forests per year between 2015 and 2020, according to the United Nations Environment Program (UNEP), in its 2021 report Ecosystem Restoration for people, nature and climate. Each year an average of 122 million hectares of forests are af ...

Minus 50 degrees Celsius is a challenge for human beings who were not raised in the Arctic, becoming familiar with polar bears and dog sleds. Plus 50 degrees Celsius is part of a nomadic reality, of survival in the desert, short of water and shadow, but rich in stars above and vicious vipers in the sand. Eskimos, known as Inuit and Yupik, and Bedouins and Tuaregs, indigenous people, survive by trusting instinct and their embrace of nature, strengthened throughout childhood by cod li ...

Fruit d’une collaboration étroite entre CyclOpe et le Policy Center for the New South (PCNS), le rapport Arcadia – pour Annual Report on Commodity Analytics and Dynamics In Africa – se fonde sur une réalité bien connue : les matières premières fa- çonnent et façonneront une large part de la physionomie des économies africaines et doivent, en raison de cette dimension stratégique, faire l’objet d’analyses dédiées. À cet égard, ce rapport est probablement unique. Il offre en effet un ...

Dans une Opinion publiée par le Policy Center for the New South le 27 septembre à propos d’une récente découverte d’hydrocarbures en Côte d’Ivoire, nous indiquions que l’Afrique avait un important potentiel pétrolier et gazier et que ce potentiel était largement sous-exploité. Dans la même région, un autre pays de la Communauté économique des Etats de l’Afrique de l’Ouest (CEDEAO), le Sénégal, est sur le point de devenir un pays producteur et exportateur d’hydrocarbures (pétrole et ...

The European Commission recently presented several legislative proposals as part of its “Fit for 55” initiative, designed to accelerate the reduction of greenhouse gas emissions and achieve carbon neutrality by 2050. A Carbon Border Adjustment Mechanism (CBAM) has been proposed as part of this initiative. The CBAM would be complementary to the EU’s Emission Trading Scheme (ETS), involving CBAM certificates issued to importers based on the integrated emissions intensity of the produc ...

Face à la très forte augmentation du prix des matières premières observée depuis le printemps 2020, l’idée qu’un nouveau super-cycle soit en gestation s’est progressivement diffusée. Si les tensions qui s’observent à court terme sur les métaux de la transition environnementale (cuivre, nickel, étain, palladium) devraient, il est vrai, perdurer à moyen et long termes, l’affirmation selon laquelle leurs prix sont amenés à croître structurellement doit probablement être nuancée. Les ef ...

Africa is often overlooked in international policy conversations about climate change, but the continent has not been spared extreme weather events. On the eve of COP26, in Glasgow, United Kingdom, in October 2021, and as the African Union formulates a climate strategy for the continent, it is worth recalling how global warming is affecting different parts of Africa and how the continent fits into policy conversations on climate change. ...

In order to close the financing gap in green technologies, finding new mechanisms to enhance the participation of the private sector, combined with that of the public sector, in financing sustainable and climate-resilient infrastructure is a must. In this context, some unlisted instruments are going to be needed to enhance financing of green infrastructure. Besides, the development of properly structured projects, with risks and returns in line with the preferences of the different ...

L’Afrique a un important potentiel pétrolier et gazier, lequel est largement sous-exploité. On ne sera donc pas étonné par le fait que plusieurs pays africains sont sur le point de devenir de nouveaux pays producteurs et exportateurs de pétrole et/ou de gaz naturel et que d’autres, qui sont déjà producteurs, soient prochainement en mesure d’accroître cette production. Pensons notamment au Sénégal pour le pétrole et le gaz naturel ; à la Mauritanie pour le gaz ; à l’Ouganda ...

The report of the United Nations Intergovernmental Panel on Climate Change (IPCC), released at the beginning of August, left no room for doubt. According to its estimates, it will be necessary to accelerate the pace of global containment of carbon emissions if the expected increases in global average temperatures are to be kept below 2 or 1.5 degrees Celsius, with correspondingly less-dramatic climatic consequences. Even if emissions of greenhouse gases are reduced over the next few ...

L’Union européenne (UE) a annoncé le 14 juillet une proposition de taxe carbone à ses frontières, qui devrait renchérir les importations de produits fortement émetteurs (acier, aluminium, ciment, électricité et engrais). Cette même taxe est déjà appliquée au sein de l’UE, qui veut désormais l’imposer aux fabricants étrangers. En soi, le projet part d’une bonne intention. Il n’est pas motivé par le protectionnisme, mais par des préoccupations climatiques on ne peut plus justiíées. S ...

Il est bien connu que le poids de l’Afrique sur la scène énergétique mondiale est faible, ce qui est le reflet de son poids économique. En 2020, en termes de consommation, la part de l’Afrique dans le total mondial ne dépassait pas 3% à 4%. De plus, cette part n’a que très peu augmenté au cours des dix dernières années. L’an dernier, l’Afrique ne représentait que 3,3% de la consommation mondiale d’énergie primaire (pétrole, gaz naturel, charbon, énergie nucléaire, hydroélectricité ...

La victoire éclair des Talibans en Afghanistan remet sur le devant de la scène un projet énergétique dont il est question depuis plus de 20 ans. Il s’agit d’un gazoduc qui relierait le Turkménistan au Pakistan et à l’Inde, en passant par l’Afghanistan. Le nom de ce projet est TAPI pour Turkménistan, Afghanistan, Pakistan et Inde. La logique derrière ce projet est très simple. Le Turkménistan a beaucoup de gaz naturel, puisque ce pays occupe le quatrième rang parmi les détenteurs de ...

As decarbonization is a long-term process and requires significant investments, specific financial and non- financial measures will need to be implemented, both in the short and long term, to facilitate this transition. In Part II of Morocco’s decarbonization pathway Policy Brief series, an update of the decarbonization scenarios was presented. It revealed that the Increased Ambition and Green Development scenarios achieve higher decarbonization targets than current policy. It showe ...

La décarbonisation est un processus à long terme qui nécessite des investissements importants. Ainsi, des mesures financières et non financières spécifiques devront être mises en œuvre, à la fois à court et à long termes, pour faciliter cette transition. Dans la deuxième partie de la série de Policy Briefs sur la trajectoire de décarbonisation du Maroc, une mise à jour des scénarios de décarbonisation a été présentée. Elle révèle que les scénarios « Ambition accélérée » et « Dévelop ...

Morocco's significant renewable energy resources offer an unprecedented opportunity to anchor the country’s economic and political choices in the energy transition, and to turn the transition into an essential lever for economic development. This is all the more relevant as the costs of renewable energies have dropped over the past 10 years2, and now offer strong potential, not only for creating green jobs but for ensuring a dynamic and resilient economic growth as well. In 2020, ne ...

The BDA Currents: Where Diplomacy Meets Business, is the Brussels Diplomatic Academy’s annual report covering the wider geopolitical and other factors influencing and affecting the world of diplomacy, international relations and global business. The journal focuses on issues of topical interest around the centers of global power, influence and importance, including the continents of Europe and Africa, the Middle East, China, India & Asia, Russia and the Commonwealth of Independe ...

Frappée de plein fouet par la crise sanitaire de la Covid-19, la République de Zambie, déjà fragilisée, fait face à de nombreux défis sur les plans politique, économique, social et climatique. Outre sa position géographique de pays enclavé, le croissant de l’Afrique australe se positionne comme l’une des premières victimes du réchauffement climatique sur le continent rendant vulnérable une partie de sa population souffrant d’insécurité alimentaire accrue. Par ailleurs, et à l’approc ...

Les conséquences du changement climatique sont de plus en plus visibles au Maroc. Le schéma changeant des précipitations et de la sécheresse, l'augmentation des températures moyennes et des canicules, les inondations et l'augmentation du niveau de la mer affectent de plus en plus de nombreuses régions. Et pourtant, le taux d'émission de gaz à effet de serre (GES) du Maroc est relativement faible, comparé à celui d'autres pays. En 20162, les émissions totales de GES du Maroc ont atte ...

The consequences of climate change are becoming progressively more visible in Morocco. Changes in rainfall patterns and drought, increases in average temperatures and heatwaves, flooding, and rising sea levels are increasingly affecting several regions. Yet, Morocco has a relatively low greenhouse gas (GHG) emission rate, compared to other countries. In 20162, Morocco’s total GHG emissions reached 86127.7 gigagram of carbon dioxide equivalent (Gg CO2-eq), totaling around 0.2% of glo ...

Les importantes ressources en énergies renouvelables du Maroc offrent une opportunité sans précédent d’ancrer les choix économiques et politiques du pays dans la transition énergétique, et de faire de cette transition un levier essentiel du développement économique. Ceci est d’autant plus important que le coût des énergies renouvelables a baissé au cours des 10 dernières années2 et présente désormais un fort potentiel, non seulement de création d’emplois verts mais aussi de croissan ...

The world faces a huge shortfall of infrastructure investment relative to its needs. With a few exceptions, such as China, this shortfall is greatest in emerging and developing countries. The G20 Infrastructure Investors Dialogue estimated the volume of global infrastructure investment needed by 2040 to be $81 trillion, $53 trillion of which will be needed in non-advanced countries. The Dialogue projected a gap—in other words, a shortfall in relation to the investment needs foresee ...

The EU's proposed carbon border tax is well intentioned. It is motivated by climate concerns, not by protectionism. However, the tax is based on the false premise of carbon leakage, and its implementation is rife with practical difficulties. Moreover, the tax, as proposed, departs from the Paris agreement principle of differentiated responsibilities, and will be challenged by developing countries. The United States is not ready to adopt carbon taxes, either. The WTO, already in a fr ...

Lors de la Conférence des Parties à la Convention-cadre des Nations unies sur les changements climatiques (CCNUCC) qui s'est tenue à Paris en 2015, les gouvernements se sont engagés à limiter l'augmentation de la température mondiale à un niveau bien inférieur à 2°C par rapport aux niveaux préindustriels. Ils se sont également engagés à atteindre, dès que possible, un pic de leurs émissions et à parvenir à la neutralité carbone au cours de la seconde moitié du siècle. Pour autant, m ...

During the 2015 Paris Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC), governments pledged to limit the global temperature increase to well below 2°C above pre- industrial levels, to peak emissions as soon as possible, and to achieve carbon neutrality in the second half of the century. Yet, even assuming full implementation of the commitments made by governments in Paris, the global concentration of greenhouse-gas (GHG) emissions will ...

This paper estimates the economic impacts of climate change over the Brazilian regions until the end of the century. We estimate the direct and indirect impact of the projected changes in climate on the yield of the country’s main crops. The results point to a broad spatial heterogeneity of impacts across the country. Using the extreme scenarios created by the Intergovernmental Panel on Climate Change (IPCC) (RCP 2.6 and 8.5), our predictions indicate that the average annual losses ...